July 1 -- License required to sell bullion in Ohio

It could be seen that you are helping wreck the economy for this country. That is basically what investing and stacking PM's does. Sadly this has caused the dollar to be tied to PM's. I find anything that cause havoc on PM's too be a good thing since true numismatic items have no real tie to gold or silver prices or at least shouldn't.

 

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Please explain how investing and stacking PM's wrecks the economy? I guess buying crap from China or investing in multinational corporations that outsource all the jobs to foreign countries is a better option?

 

That is pretty easy, anytime that gold goes up people dump the dollar. Many I believe would dump the dollar for the Yen.

 

Dumping the dollar can be good for the economy, it makes U.S. produced products more attractive to foreigners.

 

True, but there's a bump in the road. For foreign countries, in the aggregate, Treasury obligations far, far exceed the amount of U.S. currency held. When those Treasuries are sold in the global marketplace, the overall demand for Treasuries decreases over time.

What happens when demand goes down? Yields go up for Treasuring refinancing, driving up interest rates in general. The Fed itself will tell you that every 1% increase (i.e., new Treasuries bring 4.5% today instead of 3.5% a year previous, etc.), costs the U.S. Government $800 billion in annual interest costs. In turn, this is why the Fed is frantic to keep interest rates low, in fact, artificially low.